The housing market has never been this unaffordable in U.S. history.
With inflation-adjusted home prices setting a record over the last three years.
We're now in the biggest housing bubble of all-time, and the only period that came close was 2006, before the big crash.
Many people like to tell you "home values will never drop". But those people conveniently don't show you this graph.
There is no historical precedent for how expensive today's housing market it is.
And homebuyers know it.